We have taken our time with Joey - Founder and Lead dev of GloryDoge, which positions itself as a secure DeFi ecosystem. See the collection of insights from Joey below.
BitCourier: What is the GloryDoge project?
IDO privates sales and presales are most of the time the earliest and best opportunities one can get to invest in a promising project. However, it is always hard for investors to know how the developers will spend their funds. In addition to this, the crypto world has seen increasing numbers of bad actors who use such funds raising techniques, in the combination of fake roadmaps and promises, to drain the wallets of investors who fell for their game.
GloryDoge is here to fix this. We aim to build a secure DeFi ecosystem to help bring creative ideas to life and protect early investors' funds.
GloryPad, our first platform, is a place where developers can organize IDOs to raise initial funds and support their projects. It's not only that! GloryPad will completely shift control over the raised funds from the developers to the investors by making it impossible for the developers to use the funds, in any way, without the investors' consent and approval.
To raise funds on GloryPad, developers will have to create tasks, which are clear routes of where the raised funds will go. Tasks are not necessary to conduct a sale, but the more tasks a sale has the more trust the project gains from investors. You can think of tasks as future payments. These payments will automatically go through as soon as the sale's soft cap is reached. Investors can always verify the destination of the payments and reject the tasks they believe to be non-beneficial to the project.
GloryPad will also be a social hub that connects developers to investors, marketers, influencers, and other parties, who are willing to contribute to the successful launch of their projects. Anyone will be able to send a task request to any project on GloryPad that seems interesting for them. GloryPad will also rely heavily on connections to different social networks to verify the identity of the people that are getting paid for doing the tasks.
BitCourier: Why you should consider the GloryDoge project as an investor or project owner?
We are unique in what we do and the way we work. We do not copy, and we do not take ugly shortcuts. From the small things to the biggest, we also write our contracts line by line. That by itself, although a small thing, makes us stand out from thousands of other projects that are copying the same code. You, as an investor, will get a feel for that in everything that we do.
We are crypto investors just like you, and we understand the frustration of not finding good investment opportunities or losing money to one scam after the other. That's why we're here, and that's why we're starting this project today.
We believe in our vision and the technologies we are building. We are also sure there's a high demand for such products in the crypto market, especially in the DeFi space.
Despite all of the above, we really cannot guarantee success or huge returns on investments. No one can guarantee that. But we can guarantee that we will do the best we can as a team, to deliver our products in the highest quality.
BitCourier: What are the tokenomics of the GloryDoge Coin?
- 10% total tax on every transaction.
- 4% tax is distributed proportionally to all holders.
- 2% tax for marketing, contests, and celebratory distribution events. Used in full transparency to investors.
- 4% devs and team expenses.
- Normal transfers from a wallet to another wallet are 100% tax-free.
- 50% of the revenues from our DAPPs will be distributed proportionally to all holders in BNB through staking.
- Burn, DEX, and CEX wallets are excluded from tax/revenue distribution.
- 0 initial dev and team allocations.
BitCourier: Is the GloryDoge project audited?
Yes! So far we have two audits from two well known firms in the field, Techrate and Dessert Finance. Both audits were passed successfully and they prove that our blockchain contract is safe.
The team have also gone through a KYC process with both Dessert Finance and PinkSale.
BitCOurier: What's next in the pipeline for now?
We're now working on building our community. We'll be running daily marketing campaigns on different channels to raise awareness about the project. Our Presale will be live on PinkSale on the 28 October at 4 PM UTC. We also have more platforms planned, one of them is a fully automated KYC platform for project owners, we believe there is so much need for such platform in the crypto space.
BitCourier: Is GloryDoge a registered business?
We operate under a registered limited liability partnership in the UK. Being a registered business makes it easier for us to work with other companies, hire more people, and have better safety and control over our revenues, expenses, and taxes. We can't disclose the name of the LLP for now as this means making our identities public.
Do you have any UK based projects in my portfolio, do you plan on it?
Our products are currently still under heavy development. Once we approach the release of a stable product, we will be on the lookout for fresh projects to onboard on our launchpad, and we're expecting some of our early customers will actually be UK based dev teams looking for a safe launchpad to kickstart their projects on.
What kind of partnerships are you looking for and do you have any plans specifically for the UK market?
We plan to work together with teams that share the same vision and goals as ours: making the crypto and DeFi space much more secure. As of right now we have no partnerships yet, but we're expecting to have some partnerships planned in the near future as we release our products to the market and gain community trust in the crypto space.